West Bengal Board Higher Secondary Syllabus (Commerce) Class-XI

West Bengal Board Higher Secondary Syllabus (Commerce) Class-XI

BUSINESS STUDIES (BSTD)

Full Marks 100

PART A: FOUNDATION OF BUSINESS

Unit-1: Nature and Purpose of Business (6 marks)

• Concept and characteristic of business.
• Business profession and employment – distinctive features and scope.
• Objectives of business – economic and social, role of profit in business.
• Classification of business activities: Industry and commerce.
• Industry – types: primary, secondary, tertiary.
• Commerce – Trade: Types (internal, external/ foreign, wholesale, and retail) and auxiliaries to trade: banking, insurance, transportation, warehousing, communication and advertising.
• Business risks – Nature and Causes.

Unit- 2: Forms of Business Organizations (10 marks)

• Sole proprietorship: Meaning, features, Merits and Limitations.
• Partnership: Meaning, features, merits and limitations, types of partnership and types of partners, registration of a partnership firm, partnership deed.
• Limited liability partnership
• Cooperative Societies: Features, merits and limitations, types.
• Company: Private company, public ltd. Company – features, merits and limitations.
• Stages in the Organisation of a company
• Starting a Business: Basic factors/ steps.

Unit-3: Public, Private and Global Enterprises (8 marks)

• Private sector and public sector.
• Forms of Public Sector Enterprises: Departmental Undertakings, statutory corporation, government company (features, merits and Limitation).
• Global enterprises, joint ventures, public private partnership, features.

Unit- 4: Business Services (8 marks)

• Banking: Types of bank accounts – savings, current, recurring, fixed deposit accounts.
• Banking services with particular reference to – Issue of bank draft, banker’s cheque (pay order), RTGS (Real Time Gross Settlement) NEFT (National
• Electronic Funds Transfer). Bank overdraft, cash credits, E-Banking.
• Insurance: Principles, concept of life, Health, Fire and Marine insurance.
• Postal and telecom Services: Mail (UCP Registered Post, parcel speed post courier).

Unit- 5: Emerging Modes of Business (6 marks)

• E-Business – Scope and benefits, Resources required for successful e- business implementation, online transactions, payment mechanism, security and safety of business transactions.
• Outsourcing - Concept, need and scope of BPO (Business Process Outsourcing) and KPO (Knowledge Process Outsourcing).

Unit- 6: Social Responsibility of Business and Business Ethics (6 marks)

• Concept of social responsibility.
• Case for social responsibility
• Responsibility towards owner, investors, consumers, employees, Government and Community.
• Environmental protection and business.
• Business ethics – concept and elements.

PART B: FINANCE AND TRADE

Unit- 7: Sources of Business Finance (12 marks)

• Concept of Business Finance.
• Owner’s Funds – Equity shares, preference shares, and retained earnings.
• Borrowed funds - Debentures and bonds, loan from Financial Institutions, loan from Commercial banks, public deposits, trade credit, ICD  Inter Corporate Deposits), factoring.

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Courtesy: West Bengal Board